Guide on BPI Motorcycle Loan Interest Rate 2026 & Downpayment Based on Unit
BPI MOTORCYCLE LOAN INTEREST RATE 2026 – You can check here the interest rate as well as the downpayment set by the Bank of the Philippine Islands.
A lot of people are into motorcycle riding. Undeniably, many individuals who even already have four-wheeled vehicles continue to live with the passion for motorcycle riding which has been a way not only for faster transport to them but also a way to relieve stress. Are you planning to get your own bike soon?
If you are considering getting a motorcycle through a loan offer, one of the trusted entities that you may turn to is the Bank of the Philippine Islands or BPI. It has several loan offers. Aside from the BPI Housing Loan offer, the bank also has the Motorcycle Loan offer that is ready to finance the purchase of the following:
- regular bikes
- second-hand motorcycle units
- motorcycles sold by accredited companies of BPI
- mid-range units
- motorcycles for the Tricycle Operators and Drivers Association or TODA
One of the most important move to make is to first check the BPI Motorcycle Loan interest rate as well as the downpayment you should prepare. You can check these details below as they are dependent on which motorcycle type you wish to purchase.
Before checking on the BPI Motorcycle Loan interest rate 2026, here is a guide on the downpayment:
| Unit | Downpayment |
| Regular Bikes | minimum downpayment of 10%; as low as 5% on selected promo units |
| Second-Hand Units | minimum downpayment of 8% based on ROPA price |
| Units from Accredited Companies | minimum downpayment of 3% of the price |
| TODA | minimum downpayment of 5% of the price |
| Mid-Range Units | down payment of 20% of the price |
How much is the BPI Motorcycle Loan interest rate? The Bank of the Philippine Islands implement an interest rate ranging from 2.43% to 2.88% monthly. According to BPI, the loan is payable in 12, 24 to 36 months if the unit is a regular bike or a second-hand unit.
If the motorcycle is purchased from a company accredited by the bank, the loan repayment can be done in 12, 24, 36 or 48 months. For motorcycle units under the TODA and the mid-range units, they are payable 12, 24, or 36 months. For non-conventional motorcycles, the loan repayment can be made in 12, 24, 36, or 48 months.
The Bank of the Philippine Islands implement some charges which you must be aware aside from the BPI Motorcycle Loan interest rate and downpayment:
- Processing Fee of Php 1,500 deducted from the loan proceeds
- Documentary Stamps Tax (DST) for loans above Php 250,000; it is equivalent to Php 1.50 for every Php 200 of the loan amount
- LTO Encumbrance Fee of Php 500 is charged for registering the encumbrance with the Land Transportation Office (LTO)
- Motor Insurance which may vary
- Cancellation of Mortgage Fee of Php 800 in case the mortgage is cancelled after the loan is fully paid
- Notarial and Facilitation Fees which may vary
The Bank of the Philippine Islands has set different lists of requirements for application to the BPI Motorcycle Loan offer. Here’s a guide: